Boone County Sheriff's Office spokesman Tom Scheben spoke about Arnett's reputation and how long he has been an attorney.

"I've been in the business 36 years and I believe he's been here that long, too. He's always been a reputable attorney in the Boone County area," Scheben said.

According to Scheben, $700,000 was misappropriated by Arnett and about half of that money is still missing.

Adding to the anger among those out of money is how the money was allegedly spent.

Deputies said it appears that Arnett has gambled away the money taken from clients in the last 13 years.

Officials said it is believed Arnett gambled millions away at Tri-State area casinos. He would use clients' money to fuel his gambling habit and then to cover it up he would pay back some clients with other clients' money.

"The bottom line is, he's robbing Peter to pay Paul," Scheben said.

An attorney who rented space in the same office as Arnett said he was stunned to find out Arnett had such financial problems.

Investigators said Arnett actually created fake court documents that showed he had money in accounts, when in reality those accounts were empty.

Boone County investigators said they have located additional victims, and there could be more.

Arnett is charged with five counts of theft by unlawful taking over $10,000 and three counts of forgery.

Arnett is being held on $100,000 cash bond. He has a video appearance in court Tuesday.